interest charges stopped

Discussion in 'Credit Talk' started by momkat, Oct 22, 2001.

  1. momkat

    momkat Member

    Is there a point on the way to collections when the interest and late payments stop accruing on
    the account. Is it different for different companies?
  2. rubyjean

    rubyjean Well-Known Member

    If you work out a Settlement, as long as you keep up with the terms of it and make your payments on time.. There is no interest, you only pay payments on the amount of settlement

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